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Gold assays in Vancouver uncover large deposits

March 14, 2012226 view(s)

VANCOUVER, BRITISH COLUMBIA, March 14, 2012 - Gold Canyon Resources Inc. announced yesterday that assays from drilling at its 100 percent controlled Springpole Gold Project extracted 928 feet at 0.053 ounce per ton gold, including 327 feet at 0.104 ounce per ton gold shortly after from its Hole SP11-065 drilling spot. What's more, the company's SP12-108 hole also intersected significant amounts of gold - 397 feet at 0.059 ounce per ton gold, including 134 feet at 0.117 ounce per ton gold.

"We are pleased to see our initial results from 2012 further demonstrate good continuity of mineralization at Springpole," said Dr. Quinton Hennigh, technical adviser and director at Gold Canyon. "None of the holes...were included in our recently released 43-101 compliant resource estimate but will be used in a revised estimate scheduled to be released later in 2012."

Gold drilling companies all across the world hope to steadily extract such high quantities of gold, silver, platinum, copper and other valuables. However, with gold and silver slipping in value in the global market in the past few days, investors may hold off purchasing precious metals in excess until the values further stabilize. Traditionally, gold has been a worthwhile commodity to purchase and put toward savings, and while the metal has depreciated recently, experts predict the numbers to bottom out and rebound to the record highs seen earlier in 2012.

Investors may want to watch the market carefully to better understand the best times to buy gold and other metals of the same nature. When it comes to preparing for the future, purchasing rare coins and other valuable precious metals may help people plan for retirement.

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